Good morning, today we are looking at the 4 hours time frame which is showing a triangle formation in progress. As mentioned in my previous analysis, the 44'200 level should be considered as an important resistance area, which, for the time being has not been broken on a H4 closing basis yet. Indeed, this pivot level should not be underestimated as it is also...
Good morning, today we are going to look at the daily picture again. Indeed, as you clearly can see on this chart, the bottom of the clouds in this time frame, worked, once again perfectly well in rejecting the breakout attempt with an intraday low, below the clouds @ 39573. BTCUSD is currently traded at, I would say a key pivot level on the daily picture;...
Good morning, today we are going to look at the H4 and H1 time frames which are both showing some growing uncertainty about further development. Indeed, I mentioned in my previous analysis to look carefully at the 48'000 as a barometer indicator and looking at recent and current price action we can note, so far, some lack of momentum to clearly confirm a breakout...
Good morning, today we are going to look at the daily picture which yesterday, on a closing basis, triggered a bullish engulfing pattern. Indeed, as mentioned in my previous analysis (see related ideas below) I highlighted, the importance of the clouds support zone on this D1 time frame and you can see the confirmation on the chart. Clouds once again worked...
H4 : Last candle closing @ 44'636 is the first warning signal which triggered, as expected and mentioned in my previous analysis published yesterday, a "shy" pullback, which should be watch at very carefully and which will be crucial for further development. Indeed, a failure to recover above the ongoing support trend line (green line) and watch also RSI which...
Good morning, today, we are going to look at the 4 hours time frame. Indeed, as you can see on this chart, the MBB worked perfectly well so far Therefore, I strongly suggest to look carefully at the cluster zone, currently around 45'800 (KJ and MBB) as for the time being, several upside breakouts attempts have been rejected by the Mid Bollinger Band which...
1. Edge-to-edge play just completed on 1D XBTUSD 2. Chikou broke through price and entered cloud 3. Tenkan crossed the Kijun All signs show a shift in the market. This trifecta has not occurred on the 1D since the beginning of Oct. 2020 when Bitcoin was at 11k
PRICE WAS IN TRIANGLE AND NOW TRYING TO BREAK DOWNWARD WE ARE WAITING FOR ITS STRUGGLE TO END AND GO DOWN TOWARD 87.31 AND THEN 86.59 JXY ANALYSIS IS IMPORTANT AS WE CAN TAKE ADVANTAGE FOR OUR PAIR ANALYSIS WITH WITCH ONE SIDE IS JPY ANY COMMENTS PLS SHARE
H4 : Triangle formation in progress. Currently below Kijun-Sen (57068), Mid Bollinger Band (55759), Tenkan-Sen (55259) and roughly in the middle of the triangle. Breakout of the triangle : BULLISH SCENARIO Upside breakout would trigger a move of 6398 points towards 63500-63750 BEARISH SCENARIO (expected) Downside breakout would target 47675-48000 Watch also H1 and M15
H4 : The 58400 important support area mentioned yesterday worked perfectly well, coupled with the failure to breakout both the Mid Bollinger Band and the Kijun-Sen (Base line). This rejection triggered a nice upside move, once again above the 60'000.. but it did not hold above it.. so far. No change in my view, as long as clear breakout of the 60'000 in holding...
The momentum is super sharp and the next target could be 1.618 Fibonacci channel level in short-term
D1 : After having nearly reached the expected target which were respectively 50187 (61.8% Fib ret) and the psychological support level of 50'000 in moving down towards an intraday low of 50360, the BTC recovered nicely towards an intraday high so far of 55597. This recent price action triggered a long white candle (bullish engulfing pattern) which on its upside...
H4 : Triangle target is @ 48455. Nevertheless, as mentioned, in my previous D1 post, it is likely and it is in progress, to see some recovery process which is expected to be relatively limited. Indeed, global picture remains heavy and is calling for further downside. Tenkan-Sen (@ 54355) will be the first resistance level to break ahead of the Mid Bollinger Band...
D1 : Recent price action is showing a trend reversal in progress. Indeed, last Friday a "doji" (uncertainty and indecision) took place which has been followed yesterday by a bearish engulfing pattern ! Today's ongoing price action continue to move to the downside. Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140 as the first important support...
D1 : Despite a new downtrend which took place before yesterday, price action shown yesterday (thanks to the FED !) triggered a nice recovery towards a high reached early this morning @ 59559 (might be a sign as I was born in 19.. 59, no I am joking...) That said, despite this, not negligeable recent rally (+ roughly 10 % in a couple of hours),...
D1 : Last 2 trading sessions is showing a switch from a BULL mode to a BEAR one. Indeed, looking at the last 2 closing sessions we can see 2 black candles with the one of yesterday, closing "timidly" just above Tenkan-Sen (conversion line). Today's ongoing price action is currently under that level, in having already tested the...
H4 : Mid Bollinger Band continue to perform very well as the leading indicator and worked once again perfectly well in rejecting a downside breakout attempt seen on the last H4 candle. As long as we stay and hold on H4 closing basis above MBB it is OK; however, a failure to do it would open a new trading range with its next support around...
D1 : Yesterday's price action is showing some sign of loss of momentum: nevertheless, as long as D1 closing price remains above the primary uptrend support line, it is OK. Indeed, a double top formation in progress can not, for the time being totally be ruled out ! Scenario BULLISH : An upside breakout on a D1 closing basis of the...